James Rickards: Cusp of a global financial crisis
There was recently a Mises Institute article stating that money supply growth has stopped, even turned negative for the first time in 28 years this past November. Events like this have repercussions that show up after a time lag.
https://mises.org/wire/money-supply-g...
Harry Browne in his 1970 best selling "How You Can Profit from the Coming Devaluation" (https://archive.org/details/howyoucan...) made the critical point that the Fed, when a certain inflationary point is reached, can trigger a financial crisis if it overreacts and causes sudden deflation. Then the Fed reacts by turning on the money spigots full blast to avert a depression. Are we now at this point? Rickards lays out his case, concluding with the haunting final comment: "It's coming."
https://mises.org/wire/money-supply-g...
Harry Browne in his 1970 best selling "How You Can Profit from the Coming Devaluation" (https://archive.org/details/howyoucan...) made the critical point that the Fed, when a certain inflationary point is reached, can trigger a financial crisis if it overreacts and causes sudden deflation. Then the Fed reacts by turning on the money spigots full blast to avert a depression. Are we now at this point? Rickards lays out his case, concluding with the haunting final comment: "It's coming."
https://www.thestreet.com/video/crypt...